Looking at the relationship between the student debt machine and a political system that is failing the people

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** Higher Education
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More than 46 million people in the US have student debt, totaling almost two trillion dollars—and the political system seems designed to do nothing about it. This month’s Higher Education newsletter looks at the relationship between the student debt machine and a political system that is failing the people. Our first piece analyzes reform efforts from the Biden administration that chip away at the debt problem. Our second piece takes a look at the lack of debt holdings amongst members of Congress, and how it may be a reason that debt cancellation is not a policy priority. Next, Astra Taylor and Eleni Schirmer argue that we must organize to move risk off the backs of individuals and back onto the system. Lastly, we invite you to subscribe to receive the latest issue of our magazine, where writers explore what society would look like if institutions like colleges were owned by the people.
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Leashing the Monster: The Biden Administration Tackles Federal Student Loan Forgiveness ([link removed])
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While the picture for across-the-board write-offs of federal student loan debt remains murky, a range of targeted reforms affecting millions of borrowers moves forward. Read more… ([link removed])

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Debt Collection Without Representation: Congress and the Student Loan Crisis ([link removed])
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Why can’t the federal government get anything done about the student debt crisis? A recent report shows that most members of Congress do not hold debt themselves, making them a ruling minority. Read more… ([link removed])

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Why Debtors Must Organize: Shifting Risk to Where It Belongs ([link removed])
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The financial system currently places risk not on those who can afford it (investors, creditors) but on those who cannot (borrowers, debtors). But when debtors organize, they have the power to flip the tables. Read more… ([link removed])

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Owning Our Economy, Owning Our Future ([link removed])
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NPQ’s summer 2022 magazine is here! Explore the highlights and get your own copy… ([link removed])

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